midtown east


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Photo illustration of GDSNY CEO Michael Kirchmann, Klövern CEO Rutger Arnhult and 417 Park Avenue (Google Maps, iStock)

Klövern, GDS finance 417 Park Ave with $100M in Swedish bonds

Klövern AB and GDS Development Management are set to finance their latest acquisition by tapping an uncommon source of...

Klövern, GDS finance 417 Park Ave with $100M in Swedish bonds
From left: GDSNY CEO Michael Kirchmann, 417 Park Avenue and Klövern CEO Rutger Arnhult (Credit: Google Maps)

GDS Development, Klövern buy Midtown East co-op for $184M

Klövern AB of Sweden and GDS Development Management have paid $184 million for all 29 units at a Midtown...

GDS Development, Klövern buy Midtown East co-op for $184M
575 Lexington Avenue (Credit: Google Maps, iStock)

Normandy looks to sell 575 Lex for more than $650M

Normandy Real Estate Partners, Angelo Gordon & Co. and George Comfort & Sons are putting their Midtown office tower...

Normandy looks to sell 575 Lex for more than $650M
Clockwise from left: 270 Park Avenue, 1-15 57th Avenue and 57-28 Second Street in Queens and 310 Hudson Street (credit: Wikipedia, Handel Architects, Google Maps)

Behold the largest projects of 2019

More than two years ago, the city rezoned more than 70 blocks in Midtown East, paving the way for some 6.5 million square feet of new office space. The first major project to take...

Behold the largest projects of 2019
305 East 46th Street (Credit: iStock)

Japanese firm lands $84M financing for Midtown East buy

Shimizu Realty Development has entered the New York market, scooping up the United Nations-leased Albano building in Midtown East...

Japanese firm lands $84M financing for Midtown East buy
219 East 44th Street (Credit: StreetEasy and iStock)

This seven-story $53M penthouse has been broken up into six units. The first just hit the market for $16M.

In 2017, the seven-story mansion atop the Even Hotel in Turtle Bay hit the market, asking a whopping $53 million. Two years later, that...

This seven-story $53M penthouse has been broken up into six units. The first just hit the market for $16M.
Clockwise from top left: 237-24` East 62nd Street, 957 Woodycrest Avenue, 210 Clarkson Avenue, 950 Woodycrest Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

In the world of mid-market investment sales last week, two church-owned properties sell in Lenox Hill for almost $18...

Here’s what the $10M-$30M NYC investment sales market looked like last week
Asset manager Davidson Kempner to upgrade Westin Grand Central hotel

Asset manager Davidson Kempner to upgrade Westin Grand Central hotel

The Westin Grand Central hotel – once called “gloriously tacky” thanks to its Leona Helmsley-designed 1980s décor – is...

Asset manager Davidson Kempner to upgrade Westin Grand Central hotel
Who’s next? These 5 buildings may take advantage of the Midtown East rezoning

Who’s next? These 5 buildings may take advantage of the Midtown East rezoning

In August 2016, the Department of City Planning released a list of 16 properties it predicted might take advantage...

Who’s next? These 5 buildings may take advantage of the Midtown East rezoning
The five landlords that have the most to gain from the Midtown East rezoning

The five landlords that have the most to gain from the Midtown East rezoning

Just five landlords lay claim to about half of Midtown East’s commercial square footage that the city plans to...

The five landlords that have the most to gain from the Midtown East rezoning
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